The New York Times announced on Wednesday that they were putting in place a paywall from this month—meaning "a visitor to NYTimes.com will be allowed to view a certain number of articles free each month; to read more, the reader must pay a flat fee for unlimited access. Subscribers to the print newspaper, even those who subscribe only to the Sunday paper, will receive full access to the site without any additional charge."

Bloomberg heard from a source who claims the subscription will cost "less" than the $19.99 that the Kindle subscription costs for the New York Times. In case you're wondering, it costs $11.70 a week to receive a copy of the paper on your doorstep, and rival the Wall Street Journal charges $103 for a year's access (equating to $9 a month). [Bloomberg]